General Motors tries to push off some lawsuits to 'old' GM


Attorneys with General Motors (GM +0.4%)have filed documents to seek protection from some lawsuits relating to the ignition switch recall issue.

The automaker, which has set up a $400M claims funds for death and personal-injury claims, is attempting to shield itself from liability in some cases involving economic damages and minor accidents prior to the GM bankruptcy.

In a filing with the bankruptcy court in Manhattan, the company says "old" GM is liable in many of the cases.

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Comments (18)
  • DrP79
    , contributor
    Comments (2420) | Send Message
     
    The primary reason for bankruptcy in the first place to limit liability and to have a clean slate afterwards.

     

    The Government, was either incompetent or irresponsible or both, when they were running GM.
    4 Aug 2014, 02:38 PM Reply Like
  • SimonSaysShort
    , contributor
    Comments (116) | Send Message
     
    "The primary reason for bankruptcy in the first place to limit liability..."
    The fact that they were insolvent might have played a role as well...never mind, it was all the government's fault!
    4 Aug 2014, 02:44 PM Reply Like
  • Artaqq
    , contributor
    Comments (111) | Send Message
     
    The Government didn't do them, or the consumer, any favors by picking winners and losers. GM should have gone through bankruptcy, like any other company and come back through the free market. That not-withstanding, I understand GMs desire to absolve themselves of some of their previous issues but, that's not how it 'should' work. It probably will for them…but, it wouldn't for 'Joe's Widget Shop'.

     

    Full disclosure: I am a GMC, Chevrolet and Buick owner. Still love their product.
    4 Aug 2014, 03:01 PM Reply Like
  • DrP79
    , contributor
    Comments (2420) | Send Message
     
    Yes they were in bad financial shape. Yet the GOVERNMENT was running it at the time and either knew or should have known that bankruptcy would have an effect on all liabilities at the time.
    4 Aug 2014, 03:17 PM Reply Like
  • capitolp
    , contributor
    Comments (713) | Send Message
     
    Everybody knows that you're supposed to have a guy with a going out of business sign on the corner for a weekend, than change your name, reopen on Monday with a Grand Opening. If GM can't get this right, how am I to trust them?
    5 Aug 2014, 10:23 AM Reply Like
  • Trader's Profit Compass
    , contributor
    Comments (2070) | Send Message
     
    Anybody that believes nobody at GM, other than a few engineers, knew the depth and magnitude of the problem...........also likely believes Anna Nicole married billionaire Howard Marshall, 63 yrs her senior for Love.
    4 Aug 2014, 03:06 PM Reply Like
  • dnordic
    , contributor
    Comments (3) | Send Message
     
    it was for love on his part....
    4 Aug 2014, 03:14 PM Reply Like
  • DrP79
    , contributor
    Comments (2420) | Send Message
     
    and that would also involve the government trustees and installed management.
    4 Aug 2014, 03:17 PM Reply Like
  • did you ever have to make y...
    , contributor
    Comments (6) | Send Message
     
    The new gm can add thousands more to the list of previous customers who will never buy a gm car because their stocks and bonds were deemed worthless and now their lawsuits can be piled on the trash heap of broken promises.
    4 Aug 2014, 03:57 PM Reply Like
  • Scooter-Pop
    , contributor
    Comments (4583) | Send Message
     
    GM sales speaks for itself. Buying for the future but praying new management learned from the rear view mirror.

     

    This is a fabulous beat down to place a bet on; it isn't going away folks!
    4 Aug 2014, 04:11 PM Reply Like
  • VelcroWonderCat
    , contributor
    Comments (44) | Send Message
     
    Imagine any other manufacturer of a product selling their wares with prior knowledge that the product they were selling had potentially serious/deadly defects. That same manufacturer then ignores the product defects and makes a conscious decision to sell that defective product to customers.

     

    After people are hurt and killed as a result, now that manufacture argues that they shouldn't be held accountable for the defect or their questionable (to put it kindly) decision making because the misdeeds occurred in the past. In other words -- GM is saying "that was then, this is now".

     

    Would any rational, reasonable, or moral person, judge, jury, legal system, or government let any other manufacuturer get away with that? How pathetic that this even has a remote chance of passing the laugh/smell tests -- GM should be ashamed of itself.
    4 Aug 2014, 04:44 PM Reply Like
  • Scooter-Pop
    , contributor
    Comments (4583) | Send Message
     
    Velcro,

     

    Do you know what you are eating? Where did your food come from, how was it processed, what are you eating? How many deaths are attributable to what you ingest, how many are sickened daily riding in a vehicle?

     

    It is absolutely terrible death resulted from an ignition switch. The corporate culture should be extricated and punished for their deeds trying to secret away their liability.

     

    A fertile area for litigation and not just to do with vehicles! We are still going to eat and buy vehicles!
    4 Aug 2014, 05:11 PM Reply Like
  • DrP79
    , contributor
    Comments (2420) | Send Message
     
    tell that to the government trustees who ran the firm at the time
    4 Aug 2014, 05:16 PM Reply Like
  • graham downunder
    , contributor
    Comments (237) | Send Message
     
    But they do not have to buy GM products ,remember there are other car makers who are more than willing to sell people cars and they are not Government Motors .Wonder how the courts will handle this as GM did not disclose all liabilities and recalls to the Bankruptcy ,but they did disclose some and they made allowances for them in the process . It is hard with a thousand or so lawyers and experts looking for them to hide that they new about the problem Before the Bankruptcy . I can see it now when women find out how other families are being treated by "new" GM . "Honey by the way the Ford dealer is just down the road with the new F series truck coming in soon, the Hyundi dealer is nearby Toyota has some great deals and of course Honda makes a nice reliable car ,then their is those German ones you know the ones you like " " yes dear lets go elsewhere"
    5 Aug 2014, 03:40 AM Reply Like
  • VelcroWonderCat
    , contributor
    Comments (44) | Send Message
     
    There's a big difference between having a food supplier ship produce that is later discovered to be infected with salmonella from another food supplier who ships produce notwithstanding the fact that they know in advance that the food is infected.

     

    GM knew of these defects and shipped and sold their cars in spite of it. They made a conscious (but disgraceful and unconscionable) decision that killed and injured people. Now they're trying to walk away from it. It's an absolute outrage.
    5 Aug 2014, 01:05 PM Reply Like
  • lemm
    , contributor
    Comments (1153) | Send Message
     
    But they aren't,they are still going to the GM dealers,and buying lots of cars.
    6 Aug 2014, 08:19 AM Reply Like
  • funfundvierzig
    , contributor
    Comments (4384) | Send Message
     
    General Motors' evasive Management and their lubricious lawyers will pull out any dirty trick to escape accountability for the consequences of their decade-plus consumer fraud and cover-up. ...funfun..
    4 Aug 2014, 07:22 PM Reply Like
  • lemm
    , contributor
    Comments (1153) | Send Message
     
    lubricious lawyers? Wow,that's a new one!
    5 Aug 2014, 08:24 AM Reply Like
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